sreebhashyam

sreebhashyam

Current uptrend stalls for consolidation between 1.3150-1.3280. Near term corrections to be bought with stops around 1.3130 for 1.3280. Dips below 1.3200 till 1.3275 area of buying. Shorts can be considered only below 1.3100. Prefer up-move first.

sreebhashyam

#DXY refusal to move past 93.80 and break below 93.30 threatens the 92.50 near term base. Once this is taken out bears would try and attack the recent low around 91.80. The question is will it be one more failure on the lower attack now that we failed multiple times on the upside? Reckon down first.

sreebhashyam

#NIFTY Continues its upward march and should move towards the 13000 handle while we stay above the 12600 mark. Clearly there are no signs of exhaustion sans occasional ones. Momentum clearly to the upside and more positives than negatives around. Shorter term supports lie around the 12730 mark while 12850 to attract.

sreebhashyam

Gold continues to remain within the range while giving downward bias. This is clearly visible with dropping trend line while the strong horizontal base remains. Consider this as corrective and only a break would project next directional move. Some more days left before with push the price either ways. Dice is favours the bulls.